Tag: Digitization

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Nearly 50 percent of Automated Teller Machines (ATMs) may be shut down by March 2019 due to unviability of operations, hitting hard both urban and rural population, and dealing a blow to the digitization policy, the Confederation of ATM Industry (CATMi) warned on Wednesday. Currently, India has approximately 238,000 ATMs installed, of which around 113,000 …

Union Finance Minister Arun Jaitley on Sunday said the tax payer base, tax collections and digitization of the economy are expanding following a series of measures taken by the central government led by Prime Minister Narendra Modi. In his address at the 48th annual reader’s meet of Tamil magazine ‘Thuglak’ here, Jaitley said the demonetisation …

IT Minister Ravi Shankar Prasad on Monday said though digitization has brought in exposure to majority of the people but it has also exposed them to cyber threats and vulnerabilities. “As part of its Digital India initiatives, the government has introduced a lot of its services online. Although this has made services very accessible to …

In order to curb fresh generation of black money, the Central government is preparing to gradually phase out the new Rs.2,000 note. The government is also preparing to bring in laws to take penal action against hoarders of the new Rs.2,000 note, according to people in the know of the development. "The idea behind introduction …

In the era of technology-based digital banking services, the public sectors banks have to show more flexibility in using new technology, otherwise they will lose market share, Montek Singh Ahluwalia, former Deputy Chairman of the erstwhile Planning Commission of India, said on Sunday. "The existence of mutually supported ecosystem of Jan Dhan, mobile telephony, the …